I'm thinking about purchasing a Luxman D-08 SACD/CD Player

Check out whitecamaross thread in amps/preamps where he sells/replaces a top of the line Esoteric K1 Grandioso with the Luxman D-08u and his comments on why he did what he did (you will have scroll to find the post, there are 1000s of posts in the thread).
That should give you all you need.

Also check out the AudioSharks forum as well.  Do a search for Luxman and you'll see the posting about it. Needless to say the guy seems prettyhappy with it.
If you do get one please keep us posted. The D-08u is a lust piece for me.

I recently heard from my Luxman distributor that he received an email from Luxman saying that they are discontinuing all SACD players.

Can anyone confirm this?

I seriously doubt it. 

@essrand - I just contacted Jeff Sigmund of Luxman of America.   His words " Not true. I can tell you with 100% certainty that Luxman will support SACD beyond current generation"